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NYSE:OFG

OFG Bancorp (OFG) Stock Price, News & Analysis

$33.42
-0.07 (-0.21%)
(As of 03:27 PM ET)
Today's Range
$33.29
$34.02
50-Day Range
$33.48
$37.81
52-Week Range
$22.34
$39.04
Volume
97,671 shs
Average Volume
242,293 shs
Market Capitalization
$1.58 billion
P/E Ratio
8.75
Dividend Yield
2.99%
Price Target
$40.00

OFG Bancorp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
19.4% Upside
$40.00 Price Target
Short Interest
Healthy
0.61% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.25mentions of OFG Bancorp in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$1.24 M Sold Last Quarter
Proj. Earnings Growth
1.87%
From $3.75 to $3.82 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.75 out of 5 stars

Finance Sector

394th out of 867 stocks

State Commercial Banks Industry

99th out of 179 stocks

OFG stock logo

About OFG Bancorp Stock (NYSE:OFG)

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, and individual retirement accounts; certificate of deposits, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; credit cards; cash management; financial planning and insurance services; and corporate and individual trust, and retirement services. In addition, it provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. Further, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; and various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments. Additionally, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company provides investment brokerage, transactional, international trade financing, residential mortgage, and consumer finance services. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.

OFG Stock Price History

OFG Stock News Headlines

AI “wealth window” is closing soon!
Today, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry.
OFG Bancorp (NYSE:OFG) Short Interest Update
OFG Bancorp (OFG) Set to Announce Earnings on Thursday
Wells Fargo Reaffirms Their Buy Rating on OFG Bancorp (OFG)
AI “wealth window” is closing soon!
Today, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry.
OFG Mar 2024 50.000 call
OFG Bancorp (NYSE:OFG) Q4 2023 Earnings Call Transcript
OFG Bancorp Q4 Net Profit Climbs, Beats Estimates; Revenue Improves
OFG Bancorp Reports 4Q23 & 2023 Results
See More Headlines
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Company Calendar

Last Earnings
1/24/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
4/17/2024
Next Earnings (Confirmed)
4/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
CUSIP
67103X10
Employees
2,248
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$40.00
High Stock Price Target
$40.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+19.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$181.87 million
Pretax Margin
34.13%

Debt

Sales & Book Value

Annual Sales
$770.73 million
Cash Flow
$4.30 per share
Book Value
$25.36 per share

Miscellaneous

Free Float
46,128,000
Market Cap
$1.58 billion
Optionable
Optionable
Beta
1.09
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Key Executives

  • Mr. Jose Rafael Fernandez (Age 60)
    President, CEO & Vice Chairman
    Comp: $1.93M
  • Ms. Maritza Arizmendi Diaz CPA (Age 56)
    Esq., Chief Financial Officer
    Comp: $742.93k
  • Dr. Ganesh Kumar (Age 60)
    Chief Strategy Officer of U.S. Business
    Comp: $1.34M
  • Mr. Cesar A. Ortiz-Marcano CPA (Age 49)
    Esq., Chief Risk Officer
    Comp: $435.31k
  • Mr. Patrick J. Haggarty (Age 64)
    Managing Director of Commercial Banking
    Comp: $432.49k
  • Krisen Aguirre Torres
    Vice President Financial Reporting & Accounting Control
  • Mr. Gary M. Fishman
    IR Contact
  • Ms. Jennifer Zapata Nazario
    Managing Director of Human Resources
  • Ms. Mari Evelyn Rodríguez Mimoso (Age 53)
    Chief Retail Banking Officer
  • Mr. Ramón A. Rosado-Linera (Age 60)
    Senior VP & Director of the U.S. Loan Program
    Comp: $353.42k

OFG Stock Analysis - Frequently Asked Questions

Should I buy or sell OFG Bancorp stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for OFG Bancorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OFG shares.
View OFG analyst ratings
or view top-rated stocks.

What is OFG Bancorp's stock price target for 2024?

1 analysts have issued 12-month price objectives for OFG Bancorp's shares. Their OFG share price targets range from $40.00 to $40.00. On average, they expect the company's stock price to reach $40.00 in the next year. This suggests a possible upside of 19.4% from the stock's current price.
View analysts price targets for OFG
or view top-rated stocks among Wall Street analysts.

How have OFG shares performed in 2024?

OFG Bancorp's stock was trading at $37.48 at the start of the year. Since then, OFG shares have decreased by 10.6% and is now trading at $33.49.
View the best growth stocks for 2024 here
.

Are investors shorting OFG Bancorp?

OFG Bancorp saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 279,500 shares, a decline of 49.5% from the March 15th total of 553,100 shares. Based on an average daily trading volume, of 249,000 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the company's stock are sold short.
View OFG Bancorp's Short Interest
.

When is OFG Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our OFG earnings forecast
.

How can I listen to OFG Bancorp's earnings call?

OFG Bancorp will be holding an earnings conference call on Thursday, April 18th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) announced its earnings results on Wednesday, January, 24th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The bank had revenue of $208.26 million for the quarter, compared to analysts' expectations of $172.50 million. OFG Bancorp had a trailing twelve-month return on equity of 16.25% and a net margin of 23.62%. During the same period in the previous year, the company earned $0.97 EPS.

How often does OFG Bancorp pay dividends? What is the dividend yield for OFG Bancorp?

OFG Bancorp announced a quarterly dividend on Wednesday, January 31st. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.25 per share on Monday, April 15th. This represents a $1.00 annualized dividend and a yield of 2.99%. The ex-dividend date is Wednesday, March 27th. This is a boost from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for OFG
.

Is OFG Bancorp a good dividend stock?

OFG Bancorp (NYSE:OFG) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.94%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG will have a dividend payout ratio of 26.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OFG.

What is José Rafael Fernández's approval rating as OFG Bancorp's CEO?

15 employees have rated OFG Bancorp Chief Executive Officer José Rafael Fernández on Glassdoor.com. José Rafael Fernández has an approval rating of 89% among the company's employees.

What other stocks do shareholders of OFG Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other OFG Bancorp investors own include Intelsat (I), Callon Petroleum (CPE), Cleveland-Cliffs (CLF), Range Resources (RRC), Fossil Group (FOSL), Bank of America (BAC), AMC Entertainment (AMC), First Data (FDC), Associated British Foods (ABF) and Coeur Mining (CDE).

How do I buy shares of OFG Bancorp?

Shares of OFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:OFG) was last updated on 4/17/2024 by MarketBeat.com Staff

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